What do you understand by KYC & AML?

Answers were Sorted based on User's Feedback



What do you understand by KYC & AML?..

Answer / devender

Know Your Customer (KYC) guidelines and Anti Money Laundering (AML)

Money launders use the banking system for cleansing ‘dirty money’ obtained from criminal activities with the objective of hiding/disguising its source. The process of money laundering involves creating a web of financial transactions so as to hide the origin and true nature of these funds.

Is This Answer Correct ?    231 Yes 8 No

What do you understand by KYC & AML?..

Answer / sr

yes

Is This Answer Correct ?    37 Yes 2 No

Post New Answer

More Banking Finance Interview Questions

why wns

0 Answers  


How is your professional knowledge useful for the banking Sector?

0 Answers   IBPS,


What's MUDRA bank yojana

0 Answers   State Bank Of India SBI,


What is Bancassurance?

1 Answers  


can i carry indian currency to other countries and convert it there itself eg:- UK,USA?

3 Answers  






What are term loans? What are the features of term loans?

0 Answers  


How Does The Stress Test Account For Non-performing Loans?

0 Answers  


What do you know about consolidation fund of India?

0 Answers   RBI,


As an investment banker what you think an analyst does on a typical day?

0 Answers  


According to narasimham committee what is the minimum amount of money that is statutorily required by the nbfc’s for registration?

0 Answers  


If given a chance to do something for the society to eradicate poverty, what will your initial step?

0 Answers   State Bank Of India SBI,


How Do I Record Exterior Cement Work? Is It An Asset Or An Expense?

0 Answers  


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (745)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)